Approved "Saraswati Shikshan Samiti, Mandia Road, Pali (Rajasthan)" u/s 10(23C)(vi) - S.O. 481 - Income Tax

Approved "Saraswati Shikshan Samiti, Mandia Road , Pali (Rajasthan)" u/s 10(23C)(vi) OFFICE OF THE CHIEF COMMISSIONER OF INCOME-TAX Jodhpur , the 18 th December, 2008 No. 4/2008-09 S.O. 481.- In exercise of the powers conferred by sub-clause (vi) of clause (23C) of Section 10 of the Income-tax Act, 1961 (43 of 1961) read with rule 2CA of the Income Tax Rules, 1962, I, the Chief Commissioner of Income Tax, Jodhpur hereby approve "Saraswati Shikshan Samiti, Mandia Road, Pali (Rajasthan)" for the purpose of the said section for the assessment year 2005-06 and onward until withdrawn, subject to the following conditions:- 1. the assessee will apply its income, or accumulate for application wholly and exclusively to the objects for which it is established; 2. the assessee will not invest or deposit its funds (other than voluntary contribution received and maintained in the form of jewellery, furniture etc.) for any. period during the previous years relevant to the assessment years mentioned above otherwise than in any one or more of the forms or modes specified in sub-section (5) of section 11 ; 3. this order will not apply in relation to any income being profits and gain of business, unless the business is incidental to the attainment of the objectives of the assessee and separate books of accounts are maintained in respect of such business; 4. the assessee will regularly file its return of income before the income-tax authority in accordance with the provisions of Income-tax Act, 1961 ; 5. that in the event of dissolution, its surplus and, the assets will be given to a charitable organization with similar objectives and no part of the same will go to any of members of the Institution, [Ref. No. CCIT/ITO(Tech)/Ju/2008-09/2938] B. S. DHILLON, Chief Commissioner of Income Tax